October 12, 2009
– Comments (4) |
RELATED TICKERS: LEE
LEE up 30%
MNI up 12%
CMLS up 10%
Did you believe me when I told you here media is hot...?
I was counting on the GTN to go up. I almost bought in to CMLS as well...figures. But at least I have my eye on it :)
Good calls, you have some guts!
If you are talking newspaper stocks, I have to disagree. There is still a place for educational media: I'm invested in Pearson Publishing PSO, but there has been a paradigm shift with newspapers. Why pay for a paper or online subscription when there are so many sites where you can get the news for free. This site right here illustrates the shift we are all participating in.
"If you build it, they will come."
Think about it. Come up with a sound strategy, be positive, and be patient.
leo, my friend, I guess you don't know that majority of (relevant) web sites are ran by old fashioned newspaper companies.
For example, MNI, the owner of 80 daily and non-daily newspapers (and my largest media RL holding), also runs websites like Career Builder.com, HomeFinder.com, Cars.com, etc.
Also, the news you read online, who do you think they are coming from? Some Joe Shmoe off the street...?
I hope this helps.